Answer:
For the business to make profits
Explanation:
Marginals revenue is the additional income realized from the sale of an extra unit. It is the revenue that a firm will gain by selling one more unit of a product or service.
Marginal cost is the expense incurred in the production of one more unit of a product. A business compares marginal revenue to marginal cost to decide if it will cease or continue with production and selling activities.
For a business to continue selling and make profits, marginal revenue must be greater than the marginal cost. In other words, the revenue realized by selling one extra unit must exceed the cost of producing that item. Selling one more unit when the marginal cost is more than the marginal revenue will result in a loss.
If the marginal revenue from a computer is $40 and the marginal cost is $50, selling on extra computer results in a loss of $10. But if the marginal revenue from the same computer is $60, the sale on one more unit will be a gain of $10.
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They expect to not be having to regulating the industry anymore, or concern them selves regarding regulations of the said industry.
Answer:
marketing
Explanation:
Marketing may be defined as the business or the action of promoting as well as selling products or the services, which includes a market research and the advertising. It is the activity, the organization undertakes to foster promote by buying or by selling a product or a service in the market.
The 4Cs that is used in the concept of marketing is Convenience, Communication, Consumer solution, Cost. They are quite similar to the 4P model of marketing i.e. Place, Promotion, Product, Price. These models are used in marketing to enhance the 'marketing mix'.
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